Charles Schwab Trust Bank
Charles Schwab Trust Bank reported total assets of $10.5 bn at Q2 2026, up 8.7% from a year earlier. That ranks 151st among 497 banks reporting this metric (1 = highest). Its common equity tier 1 ratio was 79.60%, and an estimated 5.38% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Bank equity capital: up 5.1% on Q1 2026, to $808.6 mn
- Tier 1 leverage ratio: up 0.38 pp on Q1 2026, to 10.93%
- Return on equity (ROE): down 0.18 pp on Q1 2026, to 27.48%
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Charles Schwab Trust Bank?
Its largest one-quarter change in total assets since Q3 2018 was +486.7% between Q2 2019 and Q3 2019, a quarter with no merger or acquisition in the FDIC history. Against its six size peers, its common equity tier 1 (CET1) ratio stands out most: 79.60% at Q2 2026, above the peer median of 12.82%. Its uninsured share of domestic deposits of 5.38% at Q2 2026 is in the lowest 5% of the 500 banks reporting it (rank 481 of 500, 1 = highest). Its common equity tier 1 (CET1) ratio of 79.60% at Q2 2026 is in the highest 5% of the 448 banks reporting it (rank 3 of 448, 1 = highest).
How large is Charles Schwab Trust Bank?
At Q2 2026 the bank held $10.5 bn of assets. Deposits were $9.7 bn and net loans and leases $0, a loan-to-deposit ratio of 0.00%. Securities of $9.2 bn made up 87.6% of assets.
Total assets rose 2,601.5% between Q3 2018 and Q2 2026, from $389.0 mn.
How much of its funding is uninsured?
An estimated 5.38% of domestic deposits were above the FDIC insurance limit at Q2 2026, +0.12 pp from the previous quarter and -0.33 pp from a year earlier. That share ranks 481st among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $10.5 bn | +8.7% | 151st of 497 |
| Total deposits | $9.7 bn | +9.3% | 144th of 499 |
| Net loans and leases | $0 | not available | 499th of 500 |
| Bank equity capital | $808.6 mn | +3.2% | 208th of 498 |
| Common equity tier 1 (CET1) ratio | 79.60% | -6.70 pp | 3rd of 448 |
| Tier 1 leverage ratio | 10.93% | -1.39 pp | 179th of 500 |
| Return on equity (ROE) | 27.48% | +3.08 pp | 17th of 500 |
| Net interest margin | 2.48% | +0.11 pp | 460th of 500 |
| Uninsured share of domestic deposits | 5.38% | -0.33 pp | 481st of 500 |
| Unrealized gain/loss on held-to-maturity securities | Loss of $210.0 mn | Widened by $28.4 mn | |
| Noncurrent loans to total loans | 0.00% | 0.00 pp | 1st of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.00% | 0.00 pp | 50th of 500 (1 = lowest) |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q3 2018 to Q2 2026.
- Total assets $10.5bn
- Deposits $9.7bn
- Net loans $0
Capital and securities
The common equity tier 1 (CET1) ratio was 79.60% at Q2 2026, -6.70 pp from a year earlier. Since Q3 2018 it has ranged from 42.52% (Q3 2019) to 773.11% (Q3 2018). At Q2 2026 the tier 1 leverage ratio was 10.93% and the total risk-based capital ratio 79.60%. The median CET1 ratio of the size peers listed below was 12.82% at Q2 2026.
Held-to-maturity securities had an unrealized loss of $210.0 mn at Q2 2026, measured as fair value minus amortized cost, equal to 26.0% of bank equity capital. The loss widened by $28.4 mn from a year earlier. The largest unrealized loss on these securities was $489.0 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $123.0 mn at Q2 2026; the loss narrowed by $52.4 mn from a year earlier.
Capital ratios
- Total capital 80%
- CET1 80%
- Tier 1 leverage 11%
Unrealized gains and losses on securities
- Available for sale -$123mn
- Held to maturity -$210mn
Profitability and loan quality
Return on equity was 27.48% for the year to Q2 2026, annualized, with a return on assets of 2.05% and a net interest margin of 2.48%. The margin was +0.11 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 25.44%. Net income for the year to Q2 2026 was $107.4 mn, up 12.2% on the same period a year earlier. The median return on equity of its size peers was 14.25% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.00% of total loans at Q2 2026. Net charge-offs for the year to date were 0.00% of average loans, annualized.
Profitability
- Return on equity 27%
- Net interest margin 2.5%
- Return on assets 2.1%
Compared with banks of similar size
The six banks ranked closest to Charles Schwab Trust Bank by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, Charles Schwab Trust Bank is 4th by total assets. Its CET1 ratio of 79.60% compares with a peer median of 12.82%, its tier 1 leverage ratio of 10.93% compares with a peer median of 10.61%, and its return on equity of 27.48% compares with a peer median of 14.25%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Burke & Herbert Bank & Trust Company | $11.0 bn | 13.32% | 8.92% | 35.09% | |
| WEX Bank | $10.7 bn | 12.70% | 51.92% | 13.80% | |
| Washington Trust Bank | $10.5 bn | 11.91% | 12.78% | 57.30% | |
| Charles Schwab Trust Bank | $10.5 bn | 79.60% | 27.48% | 5.38% | |
| Centier Bank | $10.4 bn | 12.85% | 15.71% | 38.52% | |
| Stellar Bank | $10.4 bn | 12.79% | -4.12% | 58.47% | |
| Amarillo National Bank | $10.4 bn | 13.03% | 16.07% | 48.63% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 12.82%, return on equity 14.25%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Charles Schwab Trust Bank, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets rose 9.2% to $10.5 bn, deposits rose 11.5% to $9.7 bn and bank equity capital fell 12.0% to $808.6 mn. Over the same period its full-time equivalent staff went from 197 to 255 and its offices went from 1 to 1.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $9.6 bn | $10.1 bn | $9.8 bn | $9.7 bn | $9.7 bn | $10.4 bn | $10.4 bn | $10.5 bn |
| Total deposits | $8.7 bn | $9.3 bn | $9.0 bn | $8.9 bn | $8.9 bn | $9.6 bn | $9.6 bn | $9.7 bn |
| Bank equity capital | $919.3 mn | $778.6 mn | $791.5 mn | $783.6 mn | $752.4 mn | $765.8 mn | $769.4 mn | $808.6 mn |
| Common equity tier 1 (CET1) ratio | 98.11% | 89.77% | 86.92% | 86.30% | 82.80% | 85.96% | 79.59% | 79.60% |
| Return on equity (ROE) | 21.47% | 22.48% | 24.20% | 24.40% | 24.94% | 25.27% | 27.66% | 27.48% |
| Uninsured share of domestic deposits | 6.08% | 5.21% | 5.55% | 5.71% | 5.24% | 5.30% | 5.26% | 5.38% |
| Full-time equivalent employees | 197 | 239 | 237 | 244 | 250 | 257 | 253 | 255 |
| Number of offices | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Large one-quarter moves
- Total assets changed by +146.3% in the quarter to 2019-03-31: New institution (established 2018-07-02); balance sheet still ramping up.
- Total assets changed by +486.7% in the quarter to 2019-09-30: New institution (established 2018-07-02); balance sheet still ramping up.
- Total assets changed by +77.0% in the quarter to 2020-03-31, with no FDIC structure event in that quarter.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 59108
- Federal Reserve RSSD ID
- 5278251
- Head office
- Westlake, Texas
- Holding company
- CHARLES SCHWAB CORP THE (as reported to the FDIC)
- Holding company RSSD ID
- 1026632
- EconoMonitor ID
- EMB-US-000181
Frequently asked questions
What were Charles Schwab Trust Bank's total assets?
$10.5 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 151st among 497 banks reporting this metric (1 = highest).
Is Charles Schwab Trust Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 59108). Its holding company, CHARLES SCHWAB CORP THE (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Charles Schwab Trust Bank files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 59108, and in the Call Reports filed under RSSD ID 5278251 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.